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Wendy's Bought by Arby's: Let's Talk Burger Joints

EvilBadmanEvilBadman DO NOT TRUST THIS MANRegistered User regular
edited May 2008 in Debate and/or Discourse
http://www.mlive.com/business/index.ssf/2008/04/arbys_owner_buying_wendys_for.html
Link wrote:
COLUMBUS, Ohio (AP) _ After two past rejections, the owner of Arby's shaved roast beef sandwich restaurants is buying Wendy's, the fast-food chain famous for its made-to-order square hamburgers and chocolate Frosty dessert, for around $2 billion.
Triarc Companies Inc., which is owned by billionaire investor Nelson Peltz, said Thursday it will pay about $2.34 billion in an all-stock deal for the nation's third-largest hamburger chain started in 1969 by Dave Thomas. Wendy's had rejected at least two buyout offers from Triarc.
Thomas' daughter Pam Thomas Farber said the family was devastated by the news.
"It's a very sad day for Wendy's, and our family. We just didn't think this would be the outcome," said Farber, 53.
If her father were alive to hear news of the buyout, "he would not be amused," she said.
Thomas became a household face when he began pitching his burgers and fries in television commercials in 1989.
Wendy's International Inc. deferred comment to Triarc, which had nothing further to say right away.
Triarc will pay about $26.78 per share for the company, which has about 87 million shares outstanding. The price is a premium of 6 percent from the company's closing price of $25.32 Wednesday.
Under the terms of the deal, which is expected to close in the second half of the year, shareholders at Wendy's will receive 4.25 shares of Triarc Class A stock for each share of Wendy's stock they own.
Atlanta-based Triarc said its shareholders will have to approve a charter amendment in which each share of its Class B stock will be converted into Class A stock.
The Wendy's board has been studying strategic alternatives since early last year, and expenses related to that contributed to the company's 72 percent drop in first-quarter earning announced Thursday.
Wendy's said its profits totaled $4.1 million, or 5 cents, a share for the quarter ended March 30 compared with a profit of $14.7 million, or 15 cents a share, a year ago. Revenue was down slightly to $513 million from $522 million a year ago.
Wendy's stock is well off its high for the past year of $42.22 that it reached shortly after the committee began its work in the summer. It fell 3 cents to $25.39 in early trading Thursday.
Sales have slid in a struggling economy that has hurt other restaurant chains, too.
The deal caps two chaotic years for Wendy's in which it has sold or spun off operations, slashed its corporate staff and had its wholesome image tarnished by a woman who falsely claimed she found part of a finger in her chili.
Triarc said it will also change its name to include the Wendy's name.
Pushed by activist shareholders, Wendy's spun off its Tim Hortons coffee-and-doughnut chain and sold its money-losing Baja Fresh Mexican Grill. Chairman and CEO Jack Schuessler abruptly retired in March 2006, months after a woman and her husband were sentenced to prison for extortion for their plot in March 2005 to plant part of a human finger in a bowl of chili at a San Jose, Calif., Wendy's restaurant and claiming it was served to her.
Farber said the family didn't think much of Peltz' and Triarc's tactics.
"They came after them (Wendy's) and came after them and came after them. They spun Tim Hortons off, they did this, they did that. They did everything they asked but it wasn't enough."
Farber said she had just gotten off the phone with her sister Wendy, 46, the company's namesake.
"She's feeling horrible. She just is devastated," Farber said.
Farber said the family had a supported an alternate bid led by Wendy's franchisee David Karam, president of Cedar Enterprises Inc.
"We knew what Dave Karam's commitment was to Wendy's, his family's commitment _ just as ours. His dad was a very good friend of our dad's and was one of the very first franchisees, so there's a lot of history."
Peltz, who runs the Trian Fund, and his allies own 9.8 percent of Wendy's stock. Arby's has more than 3,000 restaurants.
He had argued in a letter to Wendy's chairman James Pickett that Triac would be a natural buyer of Wendy's. Peltz gained three seats on the company's board last year.
Thomas, who died in 2002, opened his first restaurant in a former steakhouse on a cold, snowy Saturday in downtown Columbus on Nov. 15, 1969. He named the chain after his 8-year-old daughter Melinda Lou _ nicknamed Wendy by her siblings.
The smiling Thomas, always wearing a white short-sleeved shirt and red tie, touted the virtues of fast food in humorous ads, often featuring big-name stars such as bluesman B.B. King and soap opera queen Susan Lucci. He appeared in more than 800 ads.
Wendy's, based in suburban Dublin, operates about 6,600 restaurants in the United States and abroad. It trails McDonald's and Burger King Holdings Inc. in the burger business.

I didn't know Wendy's was this bad off, and I love the damn chain. Anyone else kind of bummed for the remnants of the Thomas family?

EvilBadman on
FyreWulff wrote: »
I should note that Badman is fucking awesome
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Posts

  • TachTach Registered User regular
    edited April 2008
    Wendy's makes one good thing, and one good thing only. The Frosty. The only other good thing was that mushroom melt burger that I can't get anymore.

    Arby's on the other hand- their menu is full of awesome.

    BNsig.jpg
  • MalkorMalkor Registered User regular
    edited April 2008
    I will go to Wendy's today in memorandum.

    14271f3c-c765-4e74-92b1-49d7612675f2.jpg
  • SentrySentry Registered User regular
    edited April 2008
    Simpson's quote 1: People do strange things in commercials... like eat at Arby's...
    Simpson's quote 2: If I can keep down Arby's, I can keep down you!

    Honestly, I had no idea Arby's had this much capital. To me, this is like White Castle buying McDonalds... or Radioshack buying Best Buy.

    [SIGPIC][/SIGPIC]
    wrote:
    When I was a little kid, I always pretended I was the hero,' Skip said.
    'Fuck yeah, me too. What little kid ever pretended to be part of the lynch-mob?'
  • SentrySentry Registered User regular
    edited April 2008
    Malkor wrote: »
    I will go to Wendy's today in memorandum.

    Do you mean memorium? Or are you being all "Secret of My Success" meta?

    [SIGPIC][/SIGPIC]
    wrote:
    When I was a little kid, I always pretended I was the hero,' Skip said.
    'Fuck yeah, me too. What little kid ever pretended to be part of the lynch-mob?'
  • GungHoGungHo Registered User regular
    edited April 2008
    The Wendy's restaraunts in my area are barely frequented. Then again, so are the Arbys. I know I haven't been compelled to go to either in a good while.

    "Adios, mofo" -- TX Gov Rick Perry (R)
  • Idx86Idx86 A man chooses A slave obeysRegistered User regular
    edited April 2008
    I champion the growth of Arby's - the greatest fast food joint in the world. All hail our new Roast Beef overlords!

    sig.gif

    2008, 2012 D&D "Rare With No Sauce" League Fantasy Football Champion!
  • ScooterScooter Registered User regular
    edited April 2008
    Sentry wrote: »
    Simpson's quote 1: People do strange things in commercials... like eat at Arby's...
    Simpson's quote 2: If I can keep down Arby's, I can keep down you!

    Honestly, I had no idea Arby's had this much capital. To me, this is like White Castle buying McDonalds... or Radioshack buying Best Buy.

    Yea, if Wendy's is the 3rd biggest chain, how did Arby's get the upper hand?


    I actually like both, but there are no Arbys here in North VA.

  • MalkorMalkor Registered User regular
    edited April 2008
    Sentry wrote: »
    Malkor wrote: »
    I will go to Wendy's today in memorandum.

    Do you mean memorium? Or are you being all "Secret of My Success" meta?

    I like words that sort of sound the same but have vastly different meanings.

    14271f3c-c765-4e74-92b1-49d7612675f2.jpg
  • OctoparrotOctoparrot Registered User
    edited April 2008
    malkornyms

    the GOP shouldn't give a rats ass about them since they won't vote for them. If someone won't vote for you they might as well not exist.
  • CauldCauld Registered User regular
    edited April 2008
    Sentry wrote: »

    Yea, if Wendy's is the 3rd biggest chain, how did Arby's get the upper hand?


    Wendy's is the 3rd biggest hamburger chain, Subway is actually the most numerous restaurant in the world (at least it became that 4 or 5 years ago when I was working there).

  • mcdermottmcdermott Registered User regular
    edited April 2008
    GungHo wrote: »
    The Wendy's restaraunts in my area are barely frequented. Then again, so are the Arbys. I know I haven't been compelled to go to either in a good while.

    Same around here. Though Hardee's still sits at the very bottom of the fast-food hierarchy.

    I like Wendy's personally, though I think there's too large a gap in price between their regular menu and their dollar menu. It's like, if I have two bucks to spend I'm stuck getting two of their shitty items (for some reason their dollar burgers always leave a bad taste in my mouth...yes, I know it's the same meat...I can't explain it).

    They were basically charging, on their regular menu items, the same or more than McDonald's or Burger King for food that was at most marginally better, service that was generally slower and worse, and a dining room that was more poorly maintained. Not a recipe for success.

    Actually, check that...their food is a fuckload better than Burger King's, especially now that Burger King has apparently decided to go with the "Revel in Being a Gigantic Fatass" marketing strategy.

  • monikermoniker Registered User regular
    edited April 2008
    Idx86 wrote: »
    I champion the growth of Arby's - the greatest fast food joint in the world. All hail our new Roast Beef overlords!

    Dear god no.

    tea-1.jpg
  • ElJeffeElJeffe Super Moderator, Moderator, ClubPA mod
    edited April 2008
    Tach wrote: »
    Wendy's makes one good thing, and one good thing only. The Frosty. The only other good thing was that mushroom melt burger that I can't get anymore.

    Arby's on the other hand- their menu is full of awesome.

    This is you joking, right? You're joking?

    Like, you don't seriously find that glorified bologna that Arby's slaps on their flavorless bread-muffs to be appetizing, right?

    Because Wendy's has the best fries in the history of ever. Especially when dipped in their Frostys.

    Maddie: "I named my feet. The left one is flip and the right one is flop. Oh, and also I named my flip-flops."

    I make tweet.
  • TarranonTarranon Registered User regular
    edited April 2008
    mcdermott wrote: »
    GungHo wrote: »
    The Wendy's restaraunts in my area are barely frequented. Then again, so are the Arbys. I know I haven't been compelled to go to either in a good while.


    Actually, check that...their food is a fuckload better than Burger King's, especially now that Burger King has apparently decided to go with the "Revel in Being a Gigantic Fatass" marketing strategy.

    What do you call the bacanator?

  • DozingDragonDozingDragon Registered User regular
    edited April 2008
    So Arby's couldn't beat Wendy's meat, so they bought Wendy instead? Truly disturbing. Considering Arby's habitually sounds like a much better idea than it actually is.

    I don't eat much fast food, but when I do it is usually Wendy's, so this is a marginally sad day today. At least I can go and mourn tonight over a frosty and a Jr. Bacon Cheeseburger. So long, and thanks for all the fries.

  • SentrySentry Registered User regular
    edited April 2008
    mcdermott wrote: »
    GungHo wrote: »
    The Wendy's restaraunts in my area are barely frequented. Then again, so are the Arbys. I know I haven't been compelled to go to either in a good while.

    Same around here. Though Hardee's still sits at the very bottom of the fast-food hierarchy.

    I like Wendy's personally, though I think there's too large a gap in price between their regular menu and their dollar menu. It's like, if I have two bucks to spend I'm stuck getting two of their shitty items (for some reason their dollar burgers always leave a bad taste in my mouth...yes, I know it's the same meat...I can't explain it).

    You eilitist bastard... and where's your flag pin??
    mcdermott wrote:
    They were basically charging, on their regular menu items, the same or more than McDonald's or Burger King for food that was at most marginally better, service that was generally slower and worse, and a dining room that was more poorly maintained. Not a recipe for success.

    Actually, check that...their food is a fuckload better than Burger King's, especially now that Burger King has apparently decided to go with the "Revel in Being a Gigantic Fatass" marketing strategy.

    Finally, an add campaign that speaks to me.

    [SIGPIC][/SIGPIC]
    wrote:
    When I was a little kid, I always pretended I was the hero,' Skip said.
    'Fuck yeah, me too. What little kid ever pretended to be part of the lynch-mob?'
  • TarranonTarranon Registered User regular
    edited April 2008
    ElJeffe wrote: »
    Tach wrote: »
    Wendy's makes one good thing, and one good thing only. The Frosty. The only other good thing was that mushroom melt burger that I can't get anymore.

    Arby's on the other hand- their menu is full of awesome.

    This is you joking, right? You're joking?

    Like, you don't seriously find that glorified bologna that Arby's slaps on their flavorless bread-muffs to be appetizing, right?

    Because Wendy's has the best fries in the history of ever. Especially when dipped in their Frostys.

    I really, really like Arby's sauce. It makes the faux-beef tasty.

    And I am sorry but unseasoned fries that are basically like BK are not the best fries!

  • ElJeffeElJeffe Super Moderator, Moderator, ClubPA mod
    edited April 2008
    Tarranon wrote: »
    And I am sorry but unseasoned fries that are basically like BK are not the best fries!

    I hate seasoned fries. Wendys is confident enough in the taste of their deep-fried potatoes that they need garnish it with but a little salt. Other fries hide behind a curtain of overly salty seasoning like a skittish waif behind an excess of makeup.

    Maddie: "I named my feet. The left one is flip and the right one is flop. Oh, and also I named my flip-flops."

    I make tweet.
  • TarranonTarranon Registered User regular
    edited April 2008
    ElJeffe wrote: »
    Tarranon wrote: »
    And I am sorry but unseasoned fries that are basically like BK are not the best fries!

    I hate seasoned fries. Wendys is confident enough in the taste of their deep-fried potatoes that they need garnish it with but a little salt. Other fries hide behind a curtain of overly salty seasoning like a skittish waif behind an excess of makeup.

    A deep fried potato is a boring taste by itself though.

    I could see why you'd prefer it unseasoned if you enjoy lacing your shakes with them, however...

    [tiny]fatty[/tiny]

  • ScooterScooter Registered User regular
    edited April 2008
    Arbys curly fries are the best fries


    This is not an option for debate

  • Mai-KeroMai-Kero Registered User regular
    edited April 2008
    Scooter wrote: »
    Arbys curly fries are the best fries


    This is not an option for debate

    Truth.org

    Also, Burger King has the best burgers and chicken sandwiches out of any fast food place. And onion rings.

    nigh.jpg
  • UnknownSaintUnknownSaint Registered User
    edited April 2008
    God damn, this is depressing.

    Are you saying that soon enough, if I want a baked potato at 3am, I might have to make it myself?


    Edit - I wasn't aware anyone actually thought Burger King was good. It's horribly unpopular around here (Southern California) and it mostly has something to do with the food being shitty.

  • deadonthestreetdeadonthestreet Registered User regular
    edited April 2008
    All the local Wendy's are closed because the owner stopped paying taxes or his employees and fled the jurisdiction.

  • GungHoGungHo Registered User regular
    edited April 2008
    mcdermott wrote: »
    GungHo wrote: »
    The Wendy's restaraunts in my area are barely frequented. Then again, so are the Arbys. I know I haven't been compelled to go to either in a good while.
    Same around here. Though Hardee's still sits at the very bottom of the fast-food hierarchy.
    I used to know the kids who worked at the Hardee's we had on the main drag of town, and I knew what they did to the food (don't eat anything with pickles). I'll never go into one of those places. However, that's a given since they're rare as hen's teeth in my part of the world now.
    mcdermott wrote: »
    Actually, check that...their food is a fuckload better than Burger King's, especially now that Burger King has apparently decided to go with the "Revel in Being a Gigantic Fatass" marketing strategy.
    The kings of the grill in my part of the world are MickeyD's, Sonic, and Whataburger (<3). The Mexican telephone company is pretty popular too. Jack in the Crack is just below Booger King and just above Wendy's. If I had to pick between the three, I'd skip a meal.

    "Adios, mofo" -- TX Gov Rick Perry (R)
  • Buzz BuzzBuzz Buzz Registered User
    edited April 2008
    ElJeffe wrote: »
    Tarranon wrote: »
    And I am sorry but unseasoned fries that are basically like BK are not the best fries!

    I hate seasoned fries. Wendys is confident enough in the taste of their deep-fried potatoes that they need garnish it with but a little salt. Other fries hide behind a curtain of overly salty seasoning like a skittish waif behind an excess of makeup.

    <3

    If they touch Wendy's fries, I'll be crushed. When I used to work near a Wendy's, I would often go in and just order fries, because dammit they're the best.

    Dammit, where's a Wendy's around here? I need Wendy's fries.

    It really does confuse me though, because I'm only familiar with failing Arby's restaurants and haven't seen one that's been popular. The ones I've been to have always been dirty enough to prevent me from returning, and their lobbies have been entirely empty. Maybe the locations held by Triarc are better...they have to be, right?

  • ElJeffeElJeffe Super Moderator, Moderator, ClubPA mod
    edited April 2008
    Tarranon wrote: »
    A deep fried potato is a boring taste by itself though.

    I could see why you'd prefer it unseasoned if you enjoy lacing your shakes with them, however...

    I tend to season my food lightly, unless I'm making something where proper seasoning is the entire point.

    And Frosty + fries is something doesn't make sense until you try it.

    Maddie: "I named my feet. The left one is flip and the right one is flop. Oh, and also I named my flip-flops."

    I make tweet.
  • DasUberEdwardDasUberEdward Registered User regular
    edited April 2008
    I used to work at Arbys. Corporate passes down some pretty good ideas and practices to the stores so i'm not totally disappointed. But damn Wendys...

    steam_sig.png
  • Mai-KeroMai-Kero Registered User regular
    edited April 2008
    For the record, the Baconator is right up there with Ben Stein, Nike, and murdering puppies by choking them with kittens and then dropping a baby on them from ten stories up in the list of the world's greatest evils.

    nigh.jpg
  • SentrySentry Registered User regular
    edited April 2008
    ElJeffe wrote: »
    Tarranon wrote: »
    And I am sorry but unseasoned fries that are basically like BK are not the best fries!

    I hate seasoned fries. Wendys is confident enough in the taste of their deep-fried potatoes that they need garnish it with but a little salt. Other fries hide behind a curtain of overly salty seasoning like a skittish waif behind an excess of makeup.

    I don't even see how this is an issue... Wendey's fries are VASTLY superior to anything else on the market... especially the potato cakes or curley fries at Arby's... although, Arby's does have jalopaneo poppers... which are delicious in that they are poppers, but on a list of popper awesomness, they are way down it.

    On a side note... I once delivered a pizza to Dave Thomas's daughter, Wendy, when I lived in Ohio.

    She did not look as advertised.

    [SIGPIC][/SIGPIC]
    wrote:
    When I was a little kid, I always pretended I was the hero,' Skip said.
    'Fuck yeah, me too. What little kid ever pretended to be part of the lynch-mob?'
  • ElJeffeElJeffe Super Moderator, Moderator, ClubPA mod
    edited April 2008
    I would wager that if Wendys is not doing well financially, it's fairly likely that the food is going to change. I guess Arbys could just go with a media blitz or a corporate reorg or something, but I fear the worst.

    Maddie: "I named my feet. The left one is flip and the right one is flop. Oh, and also I named my flip-flops."

    I make tweet.
  • DasUberEdwardDasUberEdward Registered User regular
    edited April 2008
    I hear it's delicious. The baconaitor.

    steam_sig.png
  • GungHoGungHo Registered User regular
    edited April 2008
    Buzz Buzz wrote: »
    It really does confuse me though, because I'm only familiar with failing Arby's restaurants and haven't seen one that's been popular. The ones I've been to have always been dirty enough to prevent me from returning, and their lobbies have been entirely empty. Maybe the locations held by Triarc are better...they have to be, right?
    The one nearest me is at a "Location of Death" where a Fazoli's used to be, along with, I think, a Long John Silver's (I don't want to go into LJS). It's RIGHT NEXT to a McDonald's (adjoining lots). It's also right across the street from Wendy's. McDonald's has a line almost into the street at lunch or dinner... usually there's only one or two cars at Arby's and not a living soul at Wendy's.
    Sentry wrote: »
    On a side note... I once delivered a pizza to Dave Thomas's daughter, Wendy, when I lived in Ohio.

    She did not look as advertised.
    Did you score?

    "Adios, mofo" -- TX Gov Rick Perry (R)
  • Clint EastwoodClint Eastwood Living Proof That Sometimes Friends Are Mean.Registered User regular
    edited April 2008
    I haven't had good Wendy's fries in years. Fuck Wendy's, BK for life.

    SPJbSps.png
  • TarranonTarranon Registered User regular
    edited April 2008
    Mai-Kero wrote: »
    For the record, the Baconator is right up there with Ben Stein, Nike, and murdering puppies by choking them with kittens and then dropping a baby on them from ten stories up in the list of the world's greatest evils.

    I felt like I had to try it because it seemed like it was challenging me. It wasn't even tasty in a,"I love chocolate...but I can't eat it, 'cause I'll get fat" kind of way. It was just grease and meat and bad, rubbery bacon.

  • DasUberEdwardDasUberEdward Registered User regular
    edited April 2008
    Arbys uses high quality food (uhh let's not talk about the roast beef) so if they bring those practices over to Wendy it won't be an awful change.

    steam_sig.png
  • ElJeffeElJeffe Super Moderator, Moderator, ClubPA mod
    edited April 2008
    I am surprised and saddened to find that fully 1 in 3 PA-ers like to eat poop.

    Maddie: "I named my feet. The left one is flip and the right one is flop. Oh, and also I named my flip-flops."

    I make tweet.
  • TarranonTarranon Registered User regular
    edited April 2008
    Sentry wrote: »
    ElJeffe wrote: »
    Tarranon wrote: »
    And I am sorry but unseasoned fries that are basically like BK are not the best fries!

    I hate seasoned fries. Wendys is confident enough in the taste of their deep-fried potatoes that they need garnish it with but a little salt. Other fries hide behind a curtain of overly salty seasoning like a skittish waif behind an excess of makeup.

    I don't even see how this is an issue... Wendey's fries are VASTLY superior to anything else on the market... especially the potato cakes or curley fries at Arby's... although, Arby's does have jalopaneo poppers... which are delicious in that they are poppers, but on a list of popper awesomness, they are way down it.

    On a side note... I once delivered a pizza to Dave Thomas's daughter, Wendy, when I lived in Ohio.

    She did not look as advertised.

    Part of it could just be that I'm not a fry-guy. I make exceptions for seasoned or steak fries with some ketchup, but skinny fries have no real appeal for me.

  • SpeakeasySpeakeasy Registered User
    edited April 2008
    Wendy's was shit. Glad to see it go.

    Also I will be happy if those stupid commercials never appear again.

    [strike]It's awaaaaaaaaaaaaaaaaay better than fast food, it's Wendy's![/strike]DIE

    smokeco3.jpg
  • Mai-KeroMai-Kero Registered User regular
    edited April 2008
    How to make a baconator:

    step 1: get a plstic bag

    step 2: get some meat

    step 3: get some grease. The preferred source is a cardboard box full of it that has been sitting on the back steps of a Miami restaurant for two weeks and then shipped via box-car filled with hobos in need of somewhere to urinate for freshness.

    step 4: get ketchup.

    step 5: hahaha this isn't bacon at all

    step 6: Throw everything in the plastic bag. Ratios: 9 ketchup 1 everything else.

    step 7: profit.

    nigh.jpg
  • ScooterScooter Registered User regular
    edited April 2008
    Wendy's isn't going away, unless I missed something?


    I mean doesn't Burger King get sold every other year

    I owned it for Feb-April of '97

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